Bachelor of Arts in Economics (BA Economics)

That the perfectly competitive firm will pick a combination of inputs where the ratio ofeach input’s marginal product to its price is equal follows from

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Question:

That the perfectly competitive firm will pick a combination of inputs where the ratio ofeach input’s marginal product to its price is equal follows from

A.

the need to use inputs in fixed proportions

B.

the backward bending supply curve of labour

C.

cost minimization

D.

the attempt to achieve a target rate of return

Answer» c. cost minimization

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Personal Disposable income is:

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Question:

Personal Disposable income is:

A.

Always equal to personal income

B.

Always more than personal income

C.

Equal to personal income minus direct taxes

D.

Equal to personal income minus indirect taxes

Answer» c. Equal to personal income minus direct taxes

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

The weighing factor, used in the exponential smoothing method, is always a numberbetween ______

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Question:

The weighing factor, used in the exponential smoothing method, is always a numberbetween ______

A.

zero and ten

B.

five and ten

C.

zero and one

D.

zero and negative one

Answer» c. zero and one

Note: The above multiple-choice question is for all general and Competitive Exams in India.